Record RM8.11b profit for Maybank
KUALA LUMPUR: Malayan Banking Bhd is handing out a whopping 77.3 per cent of its more than RM8 billion net profit posted in 2018 as dividend to its shareholders.
Maybank, the fourth largest lender in Southeast Asia by asset size, announced a full-year dividend of 57 sen per share, after posting another record net profit of RM8.11 billion in the year ended December 31 2018.
This was the first time that the bank has breached the RM8 billion mark in net profit, since its establishment in 1960.
Following the 7.9 per cent growth in net profit, Maybank’s board of directors proposed final single-tier dividend of 32 sen per share. This comprises a 15 sen cash portion and a 17 sen electable portion which can be reinvested into new ordinary shares or paid in cash.
Together with the 25 sen interim dividend declared earlier, the full-year dividend payout of 57 sen per share amounts to RM6.3 billion or 77.3 per cent of net profit.
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